I am certain the question most minds today is:Can the 3-month long stock rally continue?
This is the question asked by CNN Money today. So what's our take on this?
Is the movement going to slow down? or move faster?
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The week ahead brings readings on the deficit, jobless claims, retail sales and consumer sentiment. Monday is also the deadline for "stress tested" banks that need to raise more capital to explain just how they plan to do it.
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U.S. stocks flip-flopped throughout Friday's session, with the major indexes ending split as investors paused to consider conflicting signals in monthly U.S. jobs data.
Trading was choppy as the stock market initially started higher and then drifted lower as investors reassessed the implications of the latest jobs report.
The Labor Department reported that employers cut 345,000 jobs in May -- substantially less than analysts had forecast -- but the U.S. unemployment rate hit 9.4 percent, its highest since 1983.
However, according to George Soros:
"It may have further to go because there is a lot of liquidity, a lot of investors are on the sidelines. If the market keeps on going up, more of them may decide to join in. You never know how far the rally goes."
"But I certainly don't think we are at the beginning of a big bull market worldwide."
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Home Depot's (HD.N) stock price "looks like a bargain" as the home improvement has slowed expansion and tried to improve customer service under Chief Executive Frank Blake, according to the latest issue of Barron's.
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On China, I believe, everyone agrees that:
"China is going to be a positive force in the world and the market, and as a consequence, its power and influence are likely to grow. Personally, I believe it's going to grow faster than most people currently expect," Soros said.
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I hope the above are good guides on how and what to trade in stocks in the coming weeks. But be wary and watch your back.
This is the question asked by CNN Money today. So what's our take on this?
Is the movement going to slow down? or move faster?
--------
The week ahead brings readings on the deficit, jobless claims, retail sales and consumer sentiment. Monday is also the deadline for "stress tested" banks that need to raise more capital to explain just how they plan to do it.
--------
U.S. stocks flip-flopped throughout Friday's session, with the major indexes ending split as investors paused to consider conflicting signals in monthly U.S. jobs data.
Trading was choppy as the stock market initially started higher and then drifted lower as investors reassessed the implications of the latest jobs report.
The Labor Department reported that employers cut 345,000 jobs in May -- substantially less than analysts had forecast -- but the U.S. unemployment rate hit 9.4 percent, its highest since 1983.
However, according to George Soros:
"It may have further to go because there is a lot of liquidity, a lot of investors are on the sidelines. If the market keeps on going up, more of them may decide to join in. You never know how far the rally goes."
"But I certainly don't think we are at the beginning of a big bull market worldwide."
----------
Home Depot's (HD.N) stock price "looks like a bargain" as the home improvement has slowed expansion and tried to improve customer service under Chief Executive Frank Blake, according to the latest issue of Barron's.
----------
On China, I believe, everyone agrees that:
"China is going to be a positive force in the world and the market, and as a consequence, its power and influence are likely to grow. Personally, I believe it's going to grow faster than most people currently expect," Soros said.
---------
I hope the above are good guides on how and what to trade in stocks in the coming weeks. But be wary and watch your back.